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IoM Announces Changes to E-Gaming Licences

by Jason Gorringe, Lowtax.net, London
07 February, 2017

The Isle of Man Gambling Supervision Commission has announced a series of changes to its licensing structure following consultation and feedback from the island's e-Gaming sector.

Commenting on the changes, Steve Brennan, Chief Executive Officer at the Commission, said: "These new regulations respond to the changing regulatory environment both locally and internationally. With the removal of fees for network partners, a simplified test certificate procedure, a broadening of the services license holders can offer to sub-licensees, and the recognition of digital currency payments, we have reduced unnecessary regulatory burdens and responded to technological advancements."

Daphne Caine, Member of the Department of Economic Development with responsibility for e-Gaming, added: "The Isle of Man offers a highly supportive environment for e-Gaming and e-Business companies. The island continues to cut a path at the forefront of legislative developments and has succeeded in anticipating the future needs of industry on a number of occasions. E-Gaming remains a tremendous area of growth for our economy and the Department will continue to work to support the sector to maintain this momentum."

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